An accounting method in which transactions are recorded as a single entry, rather than as both a debit and a credit as in double-entry bookkeeping. When using single entry bookkeeping, taxable income is just the difference between cash expenses and cash receipts over the relevant time period. Single entry accounting tends to be suitable only for small companies with simple financial statements.
Related information about single-entry bookkeeping:
- Single-entry bookkeeping system - Wikipedia, the free encyclopedia
A single-entry bookkeeping system or single-entry accounting system is a method of bookkeeping relying on a one sided accounting entry to maintain financial ...
- Single Entry Bookkeeping - QuickMBA
While simple, a single-entry bookkeeping system has several drawbacks...
- Single Entry Bookkeeping</small> - Beginner Bookkeeping
Need an easy method of recording your business income and expenses? This single entry bookkeeping cash book is easy to set up and free!
- What is single-entry bookkeeping? - InvestorWords.com
Definition of single-entry bookkeeping: An accounting method in which transactions are recorded as a single entry, rather than as both a debit and a credit as in ...
- single-entry bookkeeping - The Free Dictionary
Noun, 1. single-entry bookkeeping - a simple bookkeeping system; transactions are entered in only one account. single entry · bookkeeping, clerking - the ...
- Double-Entry Bookkeeping - Business Finance - About.com
Single-entry bookkeeping is probably only going to work for you if your business is very small, simple, and with a low volume of activity. It is actually similar to ...
- Bookkeeping/Single-Entry Bookkeeping/Journal-Ledger - Wikisource
Apr 14, 2012 ... Bookkeeping/Single-Entry Bookkeeping/Journal-Ledger. From Wikisource. < Bookkeeping. Jump to: navigation, search ...
- What is single-entry bookkeeping? - BusinessDictionary.com
Definition of single-entry bookkeeping: Simple system for recording accounting information in which transactions are recorded only once, and not twice as debits ...